What's New in Payments

Samsung Pay hits 5m users and is set for global expansion in 2016

Samsung Pay

Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year. More





NFC World

MasterCard backs host card emulation for NFC payments

MasterCard

MasterCard is to publish a new specification during the first half of 2014 that uses host card emulation (HCE) for NFC mobile payments — avoiding the need to have access to a secure element on a customer’s mobile phone — and is already testing the technology with Spain’s Banco Sabadell and Capital One in the US... More